The URL can be used to link to this page

Home My WebLink About0036 ' ~ ~ - ' ~ ~ /l 1~ r at all timaspe~oe~?bly and 9uietly to enter npoa, hoid, occuQy and enjoy said land; that said Lnd b free Eroat all a~ncumb~anoas: tt,at they a?tII make sud, firther ~uuranoet oo perfeot tbs fis aim~e Htb to saW tand ia the Associucia? as may reasonably be ; ~u r+eqwrod; aud that tbey do Lereby fuUy wamnt dre title to said land aad will defend the same against the lawful clairru of aU petso~u whomaoever. . PROVIDED ALWAYS that if t6e Mort agors shall weU and tnily pay unto the Associatios~, the indebtedness o by that certain ~omissory note, of eveA d~M tb, mads by the Mortgagors and pay~ble to the A.csoctatia~n, in the Euinci 1 ,,,n, THIRTY TWO THOUSAND.EIGHT HUNDRED_AND NO/100ths. p~~~ 32, 800. 00 Which noce, together with interest thercon as therein specifie~i, is payable in monthly insta]Iments of ~terest paymenta due on September 20, _ 19?6, October 20, 1976, November 20, 19?6 and then TWO HUNDRED SEVENTY FIVE AND 26/104ths----------------------------------------- 275.26 llaus (i - - - . - - on the-------~~i- ----.day of each month comme~cing wich.---,----- December 20th, 1976 ----a?hfch P4Y~~ ' are to be upplied, first to 3nierat, and the balnnce to prindpal, until said indebtedness ia p~id ia fWl, and shaU ooo~ply with and abide by each and e~very' the sU tions, agreements,,, c~ditio~ and oovenants of said pr~misso~y n~obe :wd his wd ~~80. ~~g any advances ma by the A~o~ation to the Mortgagors, ~ their sua.~ors fn t~W, far any p~upose, at any time before the mlease and canoellation of this ma~ttgage, but at no time shall thu mortgage secure advances oa acco~u~t of said original note together with sucb additional advances in a sum in excess of ,THIRTY_TWU THOUSAND EIGIiT HUNDRED AND NO/ 100ths----=-------po~ _ 32, 800. 00 p~~ ~y a~~ . to protect tLe security and costs, thea th~ deed and the estate hereby created shall cease and be null and wid, AND THE MORTGAGORS DO bereby a~veaant and agree: I. To pay all and singulac the princ~pal and inte~rst and other swns of money payable by virtue of said promissory note and this mortgage, or either, promptly on the daYs respeMi`relY the same severally come due. 2. To psy al! and saigular tbe taxes, ass~ssmenta, levles, liabilities, obligatioae and incumbrances of every natw~e and kind now on said descxibed property, ar that hereafter may be a~, suffered, placed, levied, or assessed therean, or that her~after may be levied or assessed upon this Matgage, ot tbe m ess secured her~by, cach and every, when due and pa bk, according to law, before they beoome deW~quent, and before any iaterest attac6es or anypena1ty is incurred; and ~ar ns any thereof is of reoord the saaie shall be pmmptlY ratisfied and dischaiged of record and the original of6cial document (such ss, for instance, the tax receipc ar the satisEaction paper officially endo~sed or certified) shall be placed 'm the baadi of said Associatioa as Mortgagee within ten days next aker payment; and in the event t6at any thereof is not paid, sati~fied aud diseharged, said Association may at any tirae pay the same or any part thereof ~vithout waiving or affecting any option~ liea, equity or rip,ht - eu~der ~ by virtue of this ?liortgage, and the full amount of each and every such payanent shall be immediately due andpa yable and shall bear interest frora the date thereof until paid at the rate stated in the note secured hereby and 2ogether-with such inter- est shall be secured by the lien of i6is Mortgage. 3. To keep the buildings and all equipment and personal property no~v or hertafter on said prcmi~ oovaed b~ thu mortgagt, insurcd in a:um equat to at leas[ che auaunc of che mortgage. or an amoune sutfident to oomplr writh anr oo-insurance reqnire. ment covering the same under the larrs of the Sate of Fbrida, aovering laas Erom both fin and storm, making the loq under wd policies, each and every, payable to the Aasociacion, ~s mortgagee, u iu interest ma~ appear, and aaid insurance :6a11 be in a good and raponsiWe insurance rnmpany satis[aaory to said As3ociation. and ~vritten by_a respo~nibk loui a~eent satis[acwry to taid Mto- ~n a n ciation; and the poliry or poticia shall ~~ar a standarr! mortgage dsuse without convibution, and, if the original principal amount - of the mortg~gr is Fittr Thouaand and no/ l00 Dotlars (:50.000.00) or in excas thereof, shall be held br the Aisodation. and, in che event any sum of money becomes payable under such policy or policies, the As~oc~iation:hall have t6e option to reaive and applr ehe same on acoount of the indebtednps herrby secured. or to permit the mongagr?n to receive and use it, ar any part thet+eo!', for other purposes, without ther~by waiving or impairing ~Ar ~,,;~r, lien, or rigbt under and b~r vinue of th» mottgage, and ma~ place and pay for such insurance. or any part thereo[, without waiving or aEEecting its option w toredose, or any rigbt hereunder. and che Eull amount of each and every such pa~nnent s6a11 be immediately due and payable and shall bear interest frnm the date chereo[ until paid at the rate statod in che note secured henby and cogether ~rith such interat shall be securrd by the litn of thb Afortgagt. . 4. To permit, oommii, or suffer no waste, impainnent or deterioratian of said property, or ;iny part thereof, and upon the failuro of the mortgagors to keep the buildings on said pmperty in good condition of repair, the :lssociation may demand the immediate repair of said bu;ldings or the immediate repayment of the debt hereby secured, and ihe failure of the mortgagors to oomplv with said demand of the As.wciation for a period of Thirty (30) days, sha11 constitute a breach of this mortgage, and, at t~c option of the Association, immediately mature the entire amount of _principal and interest herebv se+cured, and the Assoeiation, immediately and without. notice, may insiitute procecdin;s to foreclose this mortgage and applv ~or the appointinment of a Receiver, as hereinakc~r provided. 5. This mortgage contract provides for additional advances which may be macle at the option of the association and secured by this mortgage, and it is agreed that in the event of sucb advance~s the amount may be added M the martgage debt and shall increase the unpaid balance of the note hereby sec~ued by the amount oE such advanee and shall be a part of said note indebtedness under all the terms oE said note and this contraci as fnlly as if a new such note and rnntract were executed and delivered. M additional advance agreement may be given and accepted for such advanoe and provision may be made for clifferent monthly payments and a different interest rate and otherexpress modi~ications of the contract, but in ~U other re.spects ihis contract shall remain in futl force and effect as to said indebtedness, including atl advances. 6. If any of tbe sums of money herein referred to be not promptly and hilly paid within Thirty (30) days next after the same severally rnme due and payable, or if each and every ihe stipulations, agreement, conditior~s, and rnvenants of said promissory note and this deed, or either. are not duly performed, complied with and abided by, tbe agg~+egate sum mentioned in said promissory note and any other amount or amounts added to the modgage indebtedness under the terms of this awrtg,ege shall become due and pav3ble forthwith or ihernaker at the option of the Association, as futly and rnmpletely as if said aggregate sum of money was orig;nally stipulated to be p~id on such day, anything in said promissory note or herein to the contrary not_ withatanding. ~ 7. To deUver to the Association, on or before Alarch 15th, of each ye~ar, taac ieceipb evidencing the payment of all law~- Fully im~ taxes for the preceding ralendar year; to deliver to the Association receipts evidencing the p~ymeat of a]] ]iens for pub ' improvements within ninety (gp) days after the same shall hecome due and payable. and to pay or discharge within ninety (9p) days after due date, any and all govemmental levies that may be made on the uwrtgaged property, on this mortgage or note, or in any other way msulting from the mortgage indebtedness secured by this mortgage. ~~R ~7 ~ ~7 ~ ~,~.r ~ , _ _ q -